Speaking Notes for an Event Celebrating the Partnership among Newterra , Queens University, Brockville and the federal government
Thank you. Good morning everyone.
As the Member of Parliament for Leeds-Grenville, I am pleased to be here today for this exciting announcement.
Our government is committed to economic growth, creating high-quality jobs, and long-term prosperity.
And we know that one of the keys to long-term economic prosperity is innovation.
Our small- and medium-sized businesses, such as Newterra here in Brockville, have a wealth of ideas, expertise, and potential that will be the source of our future innovations and exports.
But it is sometimes difficult for these small businesses to bring their ideas to fruition because they require certain expertise or funding.
We know that innovation is often achieved more rapidly through partnerships.
The Applied Research and Commercialization Initiative provides funding to help small businesses successfully bring these new ideas to market.
This initiative is designed to encourage partnerships between post-secondary institutions such as Queen’s University, with applied research expertise and small- and medium-sized businesses that have pre-market needs, such as Newterra – and as in this case, a municipality, the City of Brockville.
We have seen these relationships work with encouraging results and that is what we are celebrating today.
The facilities and expertise provided by the 23 colleges and universities participating in the extension of the Applied Research and Commercialization initiative are giving companies like Newterra a leg up in developing the new technologies that will keep Canada’s economy strong and diverse into the future.
That is why our government is pleased to continue supporting these valuable partnerships that have proven to accelerate innovation among the region’s businesses.
These partnerships between researchers and the business community, and in this case the municipality, will continue to lead to new ideas and products getting to the marketplace, helping the southern Ontario economy grow.
The Applied Research and Commercialization initiative is designed to help small businesses access the research capacity of post-secondary institutions for activities such as applied research, engineering design, technology development, product testing, and certification.
Since its launch as a two-year pilot in 2010, and then extended until March 31 of this year, the initiative has supported 24 colleges, universities and polytechnics across southern Ontario to work with more than 300 businesses to bring important ideas and new products to the marketplace faster.
An additional 240 businesses will benefit from the extension of the pilot, with additional funding of up to $15.75 million for the 23 participating post-secondary institutions.
These partnerships between researchers and the business community will continue to lead to new ideas and products coming to market, driving innovation forward in southern Ontario.
I am pleased that our government has been able to participate in the development of innovation at Newterra and I am pleased to announce this morning that the federal government is providing to Queen’s University, up to $68,798 for this project.
So thank you once again for inviting me to be here today to make this important announcement.